18,275 Shares in Ermenegildo Zegna (NYSE:ZGN) Bought by Next Capital Management LLC

Next Capital Management LLC bought a new position in shares of Ermenegildo Zegna (NYSE:ZGN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,275 shares of the company’s stock, valued at approximately $151,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in Ermenegildo Zegna during the third quarter worth $222,000. QVIDTVM Management LLC bought a new position in Ermenegildo Zegna during the 3rd quarter worth approximately $2,908,000. SBI Securities Co. Ltd. bought a new stake in shares of Ermenegildo Zegna in the 4th quarter worth approximately $28,000. American Assets Inc. bought a new position in shares of Ermenegildo Zegna in the fourth quarter worth $578,000. Finally, XTX Topco Ltd acquired a new position in shares of Ermenegildo Zegna during the third quarter valued at $215,000. Institutional investors and hedge funds own 12.91% of the company’s stock.

Ermenegildo Zegna Trading Down 1.6 %

NYSE:ZGN opened at $7.29 on Wednesday. The stock has a fifty day simple moving average of $8.44 and a 200 day simple moving average of $8.46. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 13.75 and a beta of 0.69. Ermenegildo Zegna has a 1-year low of $7.13 and a 1-year high of $15.26. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

Several brokerages recently commented on ZGN. BNP Paribas raised Ermenegildo Zegna to a “hold” rating in a report on Monday, December 2nd. Bank of America raised Ermenegildo Zegna from a “neutral” rating to a “buy” rating and decreased their target price for the company from $9.40 to $8.90 in a research note on Thursday, January 16th. Morgan Stanley began coverage on shares of Ermenegildo Zegna in a report on Friday, November 22nd. They issued an “underweight” rating and a $7.20 price target for the company. Finally, TD Cowen assumed coverage on shares of Ermenegildo Zegna in a research note on Tuesday, February 18th. They issued a “hold” rating and a $10.00 price objective on the stock.

About Ermenegildo Zegna

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.